US Economy - News, Updates and Discussion

AZ_HighCountry said:
Not hard to understand why credit card debt is increasing.

What's worse is knowing a good number of those people will be declaring bankruptcy as a result.
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A forming credit debt crisis combined with a oil supply crisis, combined with an incoming food availability crisis, combined with an inflation bomb that is about to go off, combined with the popping of the AI bubble, combined with an impending economic depression - all so that the USA and Israel had to have their little wars in the middle east ...

It does feel like the start of something that will make 2008 look like a warm up act for the big "one" we are about to see now.
 
Ali_Baba said:
A forming credit debt crisis combined with a oil supply crisis, combined with an incoming food availability crisis, combined with an inflation bomb that is about to go off, combined with the popping of the AI bubble, combined with an impending economic depression - all so that the USA and Israel had to have their little wars in the middle east ...

It does feel like the start of something that will make 2008 look like a warm up act for the big "one" we are about to see now.
Click to expand...
That along with the news posted above in #751, the worries of many Americans are about to increase, not decrease.

Here in AZ-land, we have an idiot for a governor talking about how she is "laser-focused" on affordability for everyday Arizonans, yet, during her current term, she has managed to:
  • stifle the housing market with idiotic policies regarding development
  • while in turn is pushing for more solar farms and data centers. Especially data centers.
  • went from a budget surplus to a budget deficit of which USD$340M she is unable to account for
  • vetoed the most bills in the history of the state all while blaming Washington for the issues
 
-ISM manufacturing at 54 for May, the highest expansion in 4 years.

- stocks continue to reach record highs

- Brent crude remains under $100
 
That's nice.

In the meantime, US gasoline inventories have fallen for 15 straight weeks. Refineries are operating at near max capacity. Any interruption such as a refinery outage, pipeline disruptions, or continued geopolitical tensions will have a negative impact.

FWIW, for the month of April 2026, refinery outages have impacted production by approx. 150,000 bbls per day. That may not seem like much until you look at the break-down on what is refined. Finished gasoline has actually been on a downward trend since Nov. 2025.
 
Some of us have been saying for awhile now in this as well as the US Perspectives thread that things aren't as rosy as some people want to believe.

www.foxbusiness.com

Inflation is squeezing American consumers and the Fed's latest report shows it's getting worse

Federal Reserve Beige Book finds inflation rising at a strong pace across most districts, driven by energy costs tied to the Middle East conflict.
www.foxbusiness.com www.foxbusiness.com

Everything in this article confirms what we've been saying. In just about every category we've been discussing.

Let's also not forget what I posted a night or two ago regarding gasoline inventories in the US. Supply has dropped for 15 straight weeks and has actually shown a decline since Nov. Lubricants are also starting to see some pressure.
 
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S&P 500 Posts Longest Winning Streak in a Year​


New developments in artificial intelligence lifted the S&P 500 to a ninth-consecutive day of gains on Tuesday, its longest winning streak in more than a year.

HPE shares soared after the server company described rampant AI demand, and Marvell Technology MRVL 3.78%increase; green up pointing triangle posted its best day on record after Nvidia’s Jensen Huang said it could become the next $1 trillion company. AI giant Anthropic filed for its initial public offering, while Google parent Alphabet GOOGL 3.71%increase; green up pointing triangle said it was looking to raise $80 billion via a stock sale.

Alphabet shares fell 3.9% after the announcement, which underscored the epic bill for the AI build-out. But demand for the stock has been high—shares are up more than 15% in 2026—which analysts said gives the company ample scope to raise funds by issuing more.


The US economy is truly enchanted
 
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The US strategic capture of Venezuela turned out to be glorious indeed
 
F-22Raptor said:
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Too bad that planting season is already over with. Next up is the weather which can also have a significant impact. The Midwest is still seeing dry conditions.
 
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